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and the congress together took them down for some people, not for everybody. there was an automatic tax increase, a whole series of tax increases, which were then countermanded in a second bill. here's the good news, the tax rates that we have now and the deductions and credits are all made permanent, okay, so we never end up with this topsy-turvy situation, and this is where the president is in an interesting position, the one clout he had was this threat to raise taxes on everyone and republicans gave some of what he wanted and couldn't take everything back off the table in terms of protecting taxpayers, but that's gone. so now there are three things apping. one, you've got the sequester, which the president has to fight against. he didn't want to save any of that money. the republicans have insisted on it, and they are going to tell the president it's $1.2 trillion. you find the alternative savings and the sequester takes effect. and the boehner rule, that is you want a trillion of debt ceiling increase because you've overspent by a trillion, which the president is doing for the next four yea
. speaker, it is time for this congress to come together and address this issue and act together and pass this bill. i yield back the balance of my time. >> the gentleman from michigan, mr. camp. >> i yield three minutes to the distinguished gentleman from california. >> recognized. >> i think what is lost in the 30-second sound bites on the fiscal cliff is the real cliff facing this country. in the form of a massive weight of entitlement obligations. government accounting does not tell the whole story. the actual liabilities of the federal government, the present value of medicare and medicaid and social security programs, already exceed $86 trillion. by 2040, our entitlement obligations will consume all of the average postwar projected tax revenue. we have to come to grips with that. that means every dollar corrected -- collected by the irs will go to pay social security, medicare, or medicaid. without reforms, will have to go out and borrow should that happen. it is unfortunate that the president was not willing to engage on this front, and it is unfortunate that the senate leader cont
and then the republicans and congress together took them down for some people, not for everybody. >> steven, does that pass the smell test? if i were to run against a republican who voted for whatever it is they just voted on and i said in 2014 my opponent voted for a tax increase, would i not be literally correct? >> you know, there are a lot of conservatives that are grousing today. a lot of them saying republicans should have held out and tried to get a better deal. try to get even fewer americans effected by the tax increase. it is a tax increase, but the question i would pose to you two is what else could the republicans do? i mean, if we went over the cliff, the stock market probably would have gone down another 300 or 400 points, republicans would have been blamed for that. they were playing a lousy hand to begin with. i guess my view is this may have been close to the best outcome that republicans could have gotten given the fact the president won the election and all the taxes were going up. >> howard, let me talk to you about the dissension on the right. look at what eric eriksson wrote about the
have to start all over again. usually there is a tradition in congress of coming together over these big emergencies so there may be another step added today but that time is just running out now. maybe it's a little bit of retaliation on the republicans because they didn't want to see -- be seen as just spending more money, no matter what for after they just did this big, you know, fiscal cliff package. >> and, jim, speaker boehner's spokesman said they're committed to getting it passed this month but there definitely are republicans and whether it's retaliation or something else, they have said that they think that the need is not as great as it's been made out to be. >> well, i don't think there are too many of those republicans in some of those states that actually were impacted and it's one thing to be pretty ideologically driven about spending cuts. it's another thing to sort of turn your back on your fellow americans who truly are in need, go to places all around, including that one area say in queens, not too far from where you guys, chris, 90, 100 homes burned down. th
on wall street. the dow skyrocketing after congress comes together on a deal that prevents tax hikes for the majority of americans. but don't get too happy just yet. this deal only sets up a nastier showdown in the coming months. we'll break that down in a moment. but first, this. we're going to start with superstorm sandy. at anytime now, any minute, new jersey governor chris christie set to hold a news conference on the fight over aid to victims of superstorm sandy. these victims may have to wait for months for help, because your congress just cannot get it together. unless, unless a meeting this hour provides a last minute fix, house lawmakers will leave town would the passing an aid package to help sandy survivors rebuild their homes and their lives. lawmakers from areas affected by sandy are furious that the senate-passed bill may die. republican congressman peter king says it is all speaker boehner's fault. >> speaker boehner is the one. he walked off the floor. he refused to toll us why. refused to give us any indication or warning whatsoever. i'm saying anyone from new york a
. that is costing taxpayers $3 million so he can finish the holiday break. he thanked congress for coming together and keeping taxes from going up on most americans and delaying the deep spending cuts. we could be in for another battle over the budget in two months when the same cuts are set to kick in again. that is not our only deadline. ed henry is live at the white house. you decided not to go to hawaii? bad choice. talk about the fine print of all of this. >>reporter: it is chilly in washington, dc, and folks around the country could feel colder about the deal as they look at fine print. the president got a campaign-style video out there today with the president selling this not just as a victory for him but for the american people. for him in the sense that he pushed for higher taxes in the campaign and won that and got what he wanted but in the fine print you talk to the tax policy center, a nonpartisan group that the president cite add lot in the campaign, they say the middle class and poor families will be hit harder than you think with 77 percent of house holes seeing the federal taxes g
on us. if congress doesn't get its act together fast we'll be in a similar situation before we know it. the congressman-elect from florida joins us. my first question, sir, is are you looking forward for joining this group of legislators, given this despicable state of paralysis. >> this is a new congress i'm joining. the 112th congress, this is definitely disheartening, but it's not a surprise. the new congress, about 90 new members, all elected on a message of bipartisan, so the freshmen i have met all want to do something big, we want to do the big choices, so i'm excited to join this congress. >> what do you consider one of the big choices? everything will have to hurt. where are you prepared to hurt? >> you're right, it will have to be across the board. what we just did is a bain aid. i'm very disappointed. we are continuing to kick the can down the road. it's just not right. we're not putting our children and grandchildren in a strong position. unfortunately we have to look at cuts across the board. we'll have to look at defense, some structural changes to some programs like soci
. if we're going to accomplish this, we must work together. republicans and democrats, congress and the white house. the federal government and the states. the public sector and the private sector. mr. speaker, some might say that saying those things is a cliche. but as we all know, members are going to have to engage with and rigorous debate, and there it is going to be the clash of ideas, a rigorous debate, but it needs to be done with good faith and the spirit of compromise. i realize and some argue that compromise is a sign of weakness. in fact, one of the great strengths, mr. speaker, of our nation's founders, was their ability to compromise. the very structure of this institution, the united states congress, the very structure of our institution, which joined the people's house, where we are all privileged to serve, with the united states senate, was known as what? the connecticut compromise, or the great compromise. that is the very basis of our founders. too often we forget that while we should never, we should never compromise our principles, we must always, mr. speaker
, together, they have achieved significant gains for the good of georgia. mr. speaker, congress and the white house are perfectly capable of following that same model for the good of our country. americans may be politically divided, but they are united in their desire to see their leaders in washington achieve results. now, mr. speaker, we know it's far from perfect, but i hope that this bipartisan agreement can lay the foundation for continued work to address the tremendous challenges that we face as a nation. millions of americans are out of work. the national debt, as a percentage of gross domestic product, is too high. upheaval exists in nearly every region across the globe. education and immigration reform must happen. the potential for a crippling cyber attack continues to be a threat. climate change is a fact of life and most recently, most recently, mr. speaker, our families are realing from the tragedy of newtown. they're asking how we can prevent it from ever happening again and how we can keep guns from getting into the hands of dangerous people. these are the great challenges to
," but if congress gets together, avert a fight over the debt ceiling and spending cuts, what would it take to take the rally and push it further, maybe break out some of the levels holding us back? >> really good economic numbers, real continuing decline of job markets, a big pickup in the housing market, increased, you know, growth over in china age the rest of the world, not this -- adam: we're getting it, but answering my own question, contraction in europe, and china's the biggest party there. doesn't look to happen. >> in addition to the four year cycle, post election, the worst of the four years, indication we're in the bear market, that takes a lot to drive us to significantly all-time highs. adam: bear klausing are out, thank you. >> thank you. cheryl: the next guest says we should have gone over the cliff to force congress to cut spending. president of pure center for urban renewal. what happened, though, to the markets, to the economy over the cliff? that would have been a big mess today. you still say we shouldn't have done it, why? >> it would have been a mess today, but not in six mon
posturing and failure of congress to come together on a bipartisan basis to solve the problem, and they want us to get the problem solved and get this nation moving forward. >> announcer: this is the "bill press show." >> bill: that was senator dick durbin in frustration. they feature dick durbin on the front page of the "new york times," new year's eve, just showing the frustration -- i guess it was new year's day, actually. many people thought, in particular millions and millions of americans watching this process feel it is total incompetence. anybody who says both parties are to blame. no. it is very clear who is to blame here. even senate republicans came along at the 11th hour. it was the gang of bozos that were unwilling to get anything done. before we go to calls peter on twitter? >> yes indeed. lots to talk about on twitter we tweet @bp show. allen marion saying i wish i could go to my job and do nothing and not be fired. and re fletcher from the bush white house tweeted yesterday during all of these talks. i increased donations to charity in 2012
just released a statement saying when tragedy strikes, it's americans' duties to come together to help those in need, urging congress to pass this type of relief bill. why do you think boehner is not moving on this? congressman isic ia -- isa said filled the bill will pork. do you think that's the reason why your house republican colleagues aren't moving this or speaker boehner is not moving on this? or is boehner worried about showing a preference to new york city for some of the more conservative red state members of his conference? >> well, that statement from congressman isa shows how quick house republicans are to jump the gun against new york. the fact is every one of those items was taken out of the bill. every one of those items. they were put into the senate and taken out of it in the house. the bill that was going to go on the house floor did not have any of those items that congressman isa was talking about. john boehner wouldn't talk to us last night. i would say with the fiscal cliff and people in the party talking about spending he thought it was too much to put together
-167. >> better than late than never. congress finally comes together and passes a late night fiscal cliff deal. this morning we have the winners and losers for you. >>> delicate condition. that's the word on hugo chavez's health this morning. their people told to pray for their president. >>> sure, why not. thousands take an icy plunge all for a good cause. have you ever done that? >> never. i've considered it. >> on the list of things i will never do. >> good morning, everyone. welcome to "early start." john berman will stop by later. it is 5:00 a.m. in the east. >> up first, back from the bottom of the fiscal cliff, at least for now, millions of taxpayers and small business owners can exhale this morning sort of because late last night, the house passed a senate bill that temporarily brings you us back from the brink. the final tally, 257 for, 167 defense. it's interesting to note that while some top house republicans voted no, speaker john boehner voted yes. and here's what the deal means for you. no tax hikes for couples earning less than $450,000 a year. itemized deductions capped for cou
. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government time to pay these bills on time, the result will be catastrophic. hopefully we will focus on seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> the president doesn't want to scare us quite as much. nbc's tracie potts is on capitol hill. that was a new year's day to remember. >> it was. it was just in time for many americans who were concerned for tax rates going up. couples who make $450,000 or more will have higher tax rates here. you heard the president also talking about or eluding to the debt ceiling, that's a fight the congress still has to deal with, as the president made reference to paying those bills we already incurred. john boehner was able to gather together 85 votes in favor of this bill, overwhelmingly passed in the stat. not as much -- most republicans voted against it in the house. in the end they were able to get it past. not mention
that funds the government is also set to expire in march. you add three things together with this. congress has got to vote to raise that debt ceiling. unclear what move the president has there and the republicans are going to play that card to the max, chris. >> if people thought what they just saw was ugly, i say, just wait. kelly o'donnell and mike viqueira, thank you, guys. get some sleep. one deal is finally done, but who has the upper hand as we head into triple jeopardy, the coming budget fights. domenico montanaro is here with this morning's first read. i don't think anybody comes across great here, domenico, but i was struck and maybe this was inevitable, but we had a lot of conservatives coming out, saying this is a terrible deal as we had a majority of the majority voting against it. we asked kelly about john boehner's speakership. the vote is tomorrow for him to be speaker of the 113th congress. it doesn't seem like there's anything emerging. i'm a little baffled, not because i think he should be ousted, but you've seen this level of resistance, where he was cut out of the final
as a congress have the responsibility and tradition of working together, democrat and republican, to help communities rebuild. our citizens are counting on us to help them recover from this storm and mitigate future disasters. i urge, i respectfully urge house leadership to reconsider their decision. support the victims of hurricane sandy. put politics aside. do the right thing. people are waiting. people need this assistance. let's bring the bill to a vote today. the speaker pro tempore: the gentlelady's time has expired. the chair recognizes the gentleman from new york, mr. king, for five minutes. mr. king: thank you, mr. speaker. at the outset let me thank you for your service during the time of congress and thank you very much for your remarks here this morning. i think it's important to set the record straight. last night many of us came to the floor and rightfully said that the conduct of the republican leadership was disgraceful, it was indefensible and immoral. i think it's important to lay out the facts as to how we reached this situation so we are not put in the position of name
bailout. put together, congress didn't take it, and the stock market reacted wildly. huge declines and we've talked to members of congress and said that memory is fresh in their minds. they didn't want to hurt people again with having their 401(k) get slammed. i feel like there are going to be many more morning in the first half of the year where we'll talk about what are futures doing. the congress is it the 11th hour again. >> christine romans, at the capital late last night. congresswoman marsha blackburn, republican from tennessee, voted against the bill. congresswoman, good morning. good to see you again. >> good morning. good to see you. >> before we get to why the no vote, take us behind the closesed doors and give us details that have not come out yet. what was the room like? >> oh, we had a very spirited debate, as you can well imagine, but it was healthy, it was good and members of the house, republican members of the house decided we are done with kicking this can down the road. it will happen no more. we grabbed that can, and that can is called spending cuts, it is what our co
obama can accomplish in his final term and whether lawmakers in congress can find a way to work together for the good of us all. we are also keeping a close eye on the economy and the situations in syria and egypt. a lot of uncertainties ahead. and we will be here covering all the news as it happens. in new york i'm shepard smith. fox news. >> rick: thank you, shep. after a day of drama on capitol hill that left americans wondering whether or not our elected officials could stir the country away from the fiscal cliff. it now looks like a compromise deal will, in fact, be sent to the president's desk for his signature. multiple reports now that the house will vote tonight on the senate bill that passed in the early hours of this morning. a lot of upset over this bill because it doesn't cut spending the way republicans would like it too. without any better options and time running out we're told republican speaker john boehner will bring the senate bill to the floor for a vote. possibly at some point over the next hour or so, and that it's likely to pass. we'll have live coverage of this b
life with his you know that the and pretense of humility, he's the founder who brings us together to fight the common ground. the continental congress creates a committee. franklin, jefferson, john adams, jefferson gets to write the first draft, the wonderful library of congress has the first draft out in the library of congress and you see them draft and say we hold these truths to be sacred. we hold these truths to be self-evident because their rights come not from the dictates of the dogma of one religion or another but for the consent of the governed and irrationality and reason. the sentence goes on in the draft to say they are endowed with certain inalienable rights. john adams and riding by their creative certain inalienable rights. that balance of the role of the divine providence and our own rationality and reason and consent of the government informing our government, that type of balance created this new in one bastionwe created ba done marku devotee liste ..d to try to find the common ground and happened at the constitutional convention after they had come back for th
together are putting that at risk. >> mika, this congress facing a $16 trillion debt, they've really only passed two bills of significance over the past two years. the last lame duck session, they added $4 trillion to the national debt. and they just did the same thing last night. an additional $8 trillion this congress has added over the next decade to the national debt, knowing that we face a debt crisis just of monstrous proportions, and they have been so reckless and irresponsible on both sides of congress. >> i would agree with tom on this being the worst. i think a couple of things. first of all, if there were more women on the front lines of this, i don't think we'd have these problems. i really don't. i said that a few times, and it got very interesting, diverse response. but sam stein, mitch mcconnell, he's not easy to work with. he hasn't been the easiest to work with. and all of us thought he was so easy to work with at the last minute. there's got to be something else going on here. is there some sort of second part of this, do you suspect, that actually might give the republi
have seen over my 25 years of congress are what bring us together to try to help people. and the speaker should not use this opportunity to tear us apart. i was here last night when we got the word through congressman king that the speaker was going to pull this bill. what the message said was, well, we can do this in january. we'll do it sometime later in january. in the new congress. as congressman king said, we can't wait. my district was devastated by this storm. i would ask the speaker pain boehner, come to sea bright, new jersey. drive through sea bright, new jersey, a town that has less than 2,000 people. the business district is totally destroyed. one or two stores have reopened. the rest are closed. most of the people still have not been able to return to the town. go to union beach, new jersey, also in my district, where you can see that now everything is exposeds -- exposed. we still have people that do not have place to stay. that are looking for an apartment or staying in motels or looking for a trailer to be placed next to their homes and still don't have i
points at the moment. inch investigators reacting to the fact that congress got its act together after a fashion and passed legislation to avert for now the so-called fiscal cliff. there are still a lot of arguments yet to be had. they didn't address some of the biggest issues, like for instance the see questions sister that would cut half a bill kwroepb dollars from pentagon spending. the investment community seems to like it, the dow up 219 points. we'll keep and eye on it. >> reporter: the control room a brand-new hour straight ahead for ou. as you saw the markets enjoying the deal hashed out last night, lawmakers steering us away from the fiscal cliff but no shortage of road blocks on the horizon. what it all means, what is next for taxpayers, 77% of whom will see their taxes go up now. some of taxes tied to obama care new portions of the law kicking in on january 1st, a live report on who is paying more and for what. wait until you hear about a brand-new lawsuit that is being filed by a convicted killer who says the beer made me do it. he says the beer makers should have warned hi
that our elected officials cannot come together to make decisions in the best judgment of the people. >> the fact that congress can't do anything is a laughingstock anyway. nobody has any faith in them to begin with. >> reporter: what happens next? house republicans are huddled trying to figure out if they would have the votes if they made changes to add spending cuts. if not, we're told they will take a vote some time tonight on the measure the way the white house and the senate wrote it. more to come. >> more to come as always. get some sleep. kelly o'donnell on capitol hill. our chief white house correspondent and political director chuck todd joins us now. chuck, there are some voices out there saying, good for the house republicans, they're standing on their principles. but there are also a lot of voices saying, how much longer is this going to take? >> reporter: it may be a new year but old habits are dying hard with this congress. we're in the last throes of the typical theatrics that have become the norm in washington over the last couple of years. there's going to be a few m
. tonight we will come together and do something else. with 37.5 hours left to go in the 112th congress, we will display to all of our constituents that yes in the final analysis we have the ability to come together, to act not as republicans, not as democrats, but as americans. 435 of us sent here by our neighbors and friends to try to do the best we can, realizing there are 435 points of view that sit in this chamber. and that what we strive to do is to reconcile those differences to create consensus for without consensus democracy cannot work. there will be time for partisan differences. there will be time for partisan confrontation in the days in the 113th congress. but this night as we end the 112th congress, as we have strived mightily to come to an agreement with great difficulty and realizing that all of us have very strong feelings i severely regret that this is not a big, bold, balanced plan. >> i yield two minutes to the gentleman. >> the gentleman recognized for an additional two minutes. >> i recognize this is not a big, bold and balanced plan. we had an opportunity to reach su
if we can put a package like this together with a little bit less drama, a little less brinksmanship. >> reporter: the president will be trying to reach a debt ceiling deal with a new congress. winners from the november election will be sworn in tomorrow. tara mergener for cbs news, capitol hill. >>> it is a small step to getting our fiscal problems in order, but only for a couple of months. the stopgap measure appears, however, to be having a positive effect on wall street. the dow above 200 points and both the nasdaq and s&p 500 are up. of course there is reaction from taxpayers. our surae chinn is on capitol hill with more information. >> very dysfunctional. >> it's exciting. it's a little frustrating there's some kicking of the can. > reporter: even those who work and live close to capitol hill are frustrated at the procrastination of congress passing a late night bill to avoid falling off the fiscal cliff. but there is some satisfaction. >> a relief and that the stocks are showing -- [indiscernible] >> more than 98% of americans and 97% of small businesses will not see their in
everyone together on his side and work with the other party on top of that. so, the congress is not operating as it was designed to operate. no question about that. there are a lot of reasons why that is the case. the country suffers when we do not have people in the middle that can work together and compromise and do big things. that is where most of the american people would like us to be but that is not the time of person we are sending to washington. >>neil: it would be far easier to slap on tax hikes than cut spending i would think against the bring and against the reality of everything hitting the fan spending cuts i thought would materialize. but they did not. if they did not materialize now at the verge of what locked like a public suicide watch how will they ever materialize? >>guest: the republicans have more leverage next time around than this time. i am sure spending will be a big topic of discussion when the debt ceiling comes up and when the sequester in two months expires. >>neil: we will go do the brink again. why, when there is not a deadline, can't we get so
less brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans. >> now, despite the agreement, another battle is looming. in february congress will have to decide on raising the country's borrowing limit. >>> and after days of dealing with fiscal cliff negotiations, president obama is on his way back to hawaii to finish his vacation. the president left late last night. the obamas began their annual end-of-the-year vacation on december 21st, but mr. prom was forced to return to the white house last week for fiscal cliff talks. the obama family returns to the white house this coming weekend. >>> the fiscal cliff compromise is being hailed as a victory for middle class families too, but you'll still take home less pay this year. the payroll tax which is the amount taken out to go to social security will return to $6. -- 6.2%. for the past two years it had been lowered to 4.2%. for an average family making $50,000 a year, this means you'll be taking home about $1,000 less this year. we're also talking about this on our facebook fan
: just last night the president warned congress that he won't negotiate on the debt limit. >> the one thing that i think hopefully in the new year we can focus on, is putting a package like this together with a little bit less drama, a little less, and not scare the heck out of folks quite as much. >> reporter: but, with the sequester and other big spending issues like medicare on the table, striking a deal this year won't be easy. >> this is the best opportunity that we're going to have to save our nation and do those things that we have to put in play. >> reporter: but there's not much hope for a sweeping deal this year. >> my suspicion is that we will you know, kick the can down the road on whatever we do in february or march, and it may be for a year, it may be for two years, but we'll be coming back to deal with issues like this in the near-term. >> reporter: the investment market isn't putting much pressure on lawmakers to forge a long-term solution for the nation's fiscal troubles, and some fear that could mean a real fix is still very far away. >> the good news is that when we
will be there to help. tonight we will come together and do something else. with 37 1/2 hours left to go in the 112th congress, we will display to all of our constituents that, yes, in the final analysis -- >> the vote is expected to take place within the next half hour. we obviously are going to bring all of this to you live. our coverage of that will continue. we want to take a look at secretary of state hillary clinton's health. i talked to dr. sanjay gupta. let's take a look. a blood clot in the head sounds very serious. >> the big distinction is this clot inside a blood vessel or it is not? that's the first question that doctors are going to ask. if it's outside the blood vessel meaning the bled vessel has ruptured and you're accumulating blood outside the vessel, that's a bigger problem. on this model, let's say you have a blood clot on top of the brain and putting pressure on the brain, that would obviously be a problem and something maybe that would require surgery. you don't want to give blood thinner. that would make that problem worse and burn a bridge in terms of possibly performing surge
. >> this congress.. as been most condone for the on the ability to compromise. or the willingness to not come together to work act on behalf of the best of the american people. taxes will be going up on everybody in america if we do not act. we hope that our colleagues can reach a compromise. >> reporter: they're thinking that there could have been an amendment added but that decision is still this fails, that taxes will go for middle-class families. and unemployment benefits will lapse. >> catherine: michael yaki is here. >> this is basically your social security tax that was lowered. nobody really talk about extending that and some people think that that could be a bit of a drag on the economic recovery. that is something that you could still see. >> this is the ongoing house debate. >> and michael, >> this is the first cleiff the debt ceiling could also be delayed and released. by mid-march, basically there's a convergence. and when you call the last time the debt ceiling problem is when this his entire how this started. the numbers are going to be bigger. and it cost billions of dollars
. hawaii has so much, i believe to teach the world and this institution, and congress and in our nation, we are truly all together in the same canoe. if we paddle together in unison, we can travel great distances. if the two sides of the canoe paddle in opposite directions, we will go in circles. i urge my colleagues to take this traditional hawaiian symbol to heart and put the american people first by working together. i want to say mahalo maa loa thank you very much to my incredible staff. after 36 years there are far too many individuals to name, so i will just thank all of my current and former staff members in my senate and house offices and under my committees, including indian affairs veterans' affairs and the subcommittee on oversight of government management, the federal work force and the district of columbia. i want to thank the hundreds of employees who work for the architect of the capitol and the sergeant at arms. without the hard work they do every day we could not do what we do in the senate. mahalo, thank you 0 the floor and the leadership staff as well i also want to thank
can put a package like this together with a little bit less drama. a little less brinkman ship. we can come together as democrats and republicans. >> despite the agreement, another battle is looming. in february, congress will have to decide on raising the country's borrowing limit. another hot button issue, the payroll tax. this is the money you pay towards social security. the rate will go back up to 6.2% up from 4.2%. that means the average household earning $50,000 a year will see $1,000 less in their paychecks each year. and $110,000 a year they will see $2200 less each year. that could trigger a slower growth period for the u.s. economy. >> for more on the back and forth that led to the final compromise and what's in store for the next congress, we turn to democrat strategist peter fenn. good to see you. and republican strategist jordan liebermann. happy new year to you. let's start with where we are today. peter, let me ask you what kind of fight was this in the wee hours to get this thing passed? >> it's a pretty tough fight allison and a lot of people thought once erik canter
, unfortunately, these leaders will still need to work together, and soon. with one deadline down last night, the president has already begun positioning himself for the next fight. >> we'll negotiate over many things. i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> the debt ceiling is coming, the sequesters are coming. cue the next countdown clock. joining us now from washington, the sage of capitol hill, hardest-working man in news business, nbc's luke russert. the first question i have to ask you, do you sleep, and will you ever get a vacation? >> no and no is the answer right now. >> never. >> i missed it completely. it's funny, my colleagues down on capitol hill, too, missed christmas, missed new year's. new year's eve on capitol hill is quite an experience. nothing like being with oren hatch at the midnight hour. >> getting the fiscal deal, less than an hour to go, but is this just the small battle, and i
together and he assured that the majority of republicans in the senate were going to support this deal. let's think about that. who knew that in this divided congress that we were going to be able to get a deal on the fiscal cliff where in the senate it was going to pass with the majority of republican support. and mitch mcconnell, my hat goes off to him because i don't think we expected that that was going to be the case. so i think vice president biden, as well senator mcconnell are big winners in this. >> say what you will, ali, but it's nice to see so bipartisan on the senate side and now we'll see some bipartisan in the house of representatives. >> i'm very impressed. economically there are no big win exeveryboner winners, everybody is a bit of a loser. the one thing story is a guy you and i have spoken to in the last couple days, grover norquist. he's absolutely been a loser in this equation. he made everybody swear they would never ever under any circumstances ever, no matter what happened, if there was an asteroid coming to hit earth raise taxes and he signed off on this. he told yo
on spending cuts. ohio's steve la tourette dismissed it as a "package put together by a bunch of sleep- deprived octogenarians on new year's eve." and the alabama representative said the house needs more time. >> the house must postpone this vote until congress and the ameran people have time to study and evaluate this extraordinarily complex legislation and its impact on taxes, revenue, the economy, our debt and a myriad of other issues. >> woodruff: but tennessee democrat steve cohen warned about the consequences of not taking the senate deal. >> my district can't afford to wait a few days and have the stock market go down 300 points tomorrow if we don't get together and do something. >> woodruff: later house democratic leaders emerged from a nearly three-hour meeting with vice president biden, who helped broker the senate deal. minority leader nancy pelosi called for action. >> we look forward now as we go forward in this day to see what the timing will be for a straight up-or-down vote on what passed 89-8 last night in the united states senate. >> woodruff: house republicans also m
. >> they should have confidence that on new year's eve they have a congress that's done its job. he hadn't done it. the brings manship is very negative, but it does reflect how divided we are. >> some in washington were able to come together and make that vote happen. we did get a dizzy done last night. senator john inbarrasso is here with us. >> taxes were going up on all americans on january 1st, and we made permanent the bush tax cuts for 99% of americans. what the president wanted and did not get as part of this deal was he wanted to raise the debt ceiling. that's going to be the next debate and fight on capitol hill, because the president has maxed out his credit card, and he is not going to get an unlimited credit card. we're going to talk specifically about cuts and specifically focused on tax reform as well as helping to save and strengthen medicare and social security. that's the next discussion we'll have in washington. >> what president republicans wanted and did not get was to keach the bush era tax cuts in place for everyone, and also to have some guaranteed spending cuts as part of t
. that aid was essential to helping in our state the victims of that flood. i've served in congress for over 20 years and every time -- every time -- some section of our nation has been victimized by a disaster, we've come together as an american family to help those who are in need. we draw on our national treasure and the efforts of the american people across the country to come to the rescue of our neighbors in need. the time to help new york and new jersey and other states victimized by hurricane sandy is now. but the republican leadership in the house abandoned those victims with a decision to let this bill die. in new york and new jersey, more than 651,000 homes were damaged or destroyed, 463,000 businesses were hurt or need assistance. according to the senators from those states that either matches or skpaoedz the phag ni -- exceeds the magnitude of the disaster of katrina that struck the states on our southern coast on the gulf of mexico. hundreds of miles of roads and rail were damaged and will need to be repaired. however, the rebuilding is on hold because of a political decision b
in the house and the senate. i am a conservative democrat. republicans don't get their act together and start to -- and stop playing politics with people's money, you are going to lose. host: we will have members of congress, one of them on a little end of the spectrum, a democrat from oregon, congressman earl blumenauer. then later, a conservative, mick mulvaney, a republican from south carolina. they both voted against the fiscal cliff deal that passed the house last night. we will hear from them. our next caller is john in conyers, georgia, on our republican line. caller: yes, i agree with what he was just saying, but it's not republicans and democrats. it is the congress itself that is playing with our money. it is president's current and past that have played with our money. greed of the politicians up their that have been playing with our money. they used a situation that we just have to scare people, to where we have almost non- reaction on both sides to push and fight each other and then use a bill setting we have done this as a pressure valve to release the, so that everybody's adren
united together to provide that hope for the american public. >> reporter: republican outrage is personal and pointed at the house speaker for aabruptly canceling the vote in congress. >> the speaker, for some reason, is taking it out on new york and long island and new jersey and it's a disgrace. >> reporter: what did happen? >> eric cantor had promised a vote on the aid package before the lame duck session ended. >> the motion is adopted without objection to reconsider is laid on the table. >> reporter: but sources tell cnn right after the toxic fiscal cliff vote the house speak joern cliff vote the house speak joe n janua yanked the bill. >> reporter: the reason? cnn told the speaker he worried it was bad internal politics for him to allow a vote on $60 million after a long day of getting pommelled for spending. >> on a political chest board of politics our people were played last night as a pawn. >> i called the speaker four times last night after 11:20 and he did not take my calls. it is why the american people hate congress. it's why they hate them. >> reporter: and this meeting tha
that the congress should act today. now the president adding his voice to that with a statement saying in part with when tragedy strikes, americans come together to support those in need. i urge republicans and the house of representatives to do the same. bring this to a vote today and pass it. now, speaker boehner, who had not intended to bring that measure to the floor today does have a meeting today, but also, we're going to see a press c conference coming up from chris christie at 2:00 p.m., obviously a fellow republican x is the politic of this are not done yet. the unclear, but there's a real stand off on that sandy relief bill. >> to many people, it is outrageous they didn't find the political oxygen to push it through, but there's too much pork in the bill, that there's stuff there that shouldn't be there. how real is that criticism for the gop in particular? >> well, it's certainly real. there's always stuff in there that shouldn't be there. a lot of little things that manage to find their way in there. the trick here was the optics of trying to do a big spending bill the same night t
of the united states congress. [inaudible conversations] [applause] >> ladies and gentlemen, aung san suu kyi. [applause] [applause] >> this is one of the most moving days of my life. to be here in the house undivided, a house joined together to welcome the stranger from a distant land. yes, i do not feel myself to be a stranger. i see many familiar faces, and faces that are new to me, but know what they have done for my country. and for our cause. this is a moment for which i have been waiting for many years. among all these faces, are some i saw while i was under house arrest, and some i saw after i was released from house arrest. in all the faces of my life, i have been accompanied by friends, everywhere. so it's worth the waiting. the great honor that you have conferred to me will be a lasting memento of the steadfast support of the united states congress of the democratic aspirations of my people. from the depths of my heart i thank you, the people of america, and you, their representatives, for keeping us in your hearts and minds during the dark years when freedom and justice seemed bey
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